SNDK - DigitalOcean: Turnaround Potential Backed By The Right AI Strategy

2025-10-17 07:38:18 ET

As a contrarian investor, I enjoy researching and uncovering beaten-down companies with what I consider asymmetric risk-reward profiles and good turnaround potential from time to time. Some of my more speculative calls have turned into multibaggers, including quadruple-digit returns by Power Solutions (PSIX) since the June 2024 article and Applied Optoelectronics Inc . (AAOI) since my March 2023 publication . Meanwhile, Lynas Rare Earths (LYSCF) has gained 150% since I called a bottom in April, while Energy Vault (NRGV) has tacked on 160% after the August 2025 piece came out. Quite often, these stocks tend to lag for long stretches before finally delivering the goods, a good case in point being SanDisk (SNDK), which remained underwater for months after my March 2025 publication but has since rocketed 150%. On the other hand, giant IT services provider and International Business Machines (IBM) spinoff Kyndryl Holdings (KD) is still in the red since my June article , but I believe it will eventually come good, too. This article is about DigitalOcean Holdings (DOCN), another struggling IT outfit that I believe has good turnaround potential....

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